SIG 3.96% $2.89 sigma healthcare limited

Ann: Trading Update, page-84

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  1. 1,834 Posts.
    lightbulb Created with Sketch. 92
    yes the CEO may hang for making this statement .
    what percentage of the $350million in inventories will be released as a result of the termination of the Chemist warehouse contract ?. Let's be generous : 40% . so there's $140million.
    So, where's the remaining $160m ? The debtors .
    But what does Sigma owe to the suppliers[ the pharmas ] for the stock they - Sigma- sell to Chemist Warehouse ?
    No, I don't see $300 million.
    I'm expecting that CEO will have some explaining to do soon.
    They're going to hang him anyway.
 
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$2.89
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